News in Brief: A State Capitals Roundup
Illinois Indictments Allege Pension-Fund Kickbacks
The U.S. attorney’s office for the Northern District of Illinois on Aug. 3 charged Stuart Levine, a lawyer, businessman, and former trustee of the Teachers’ Retirement System, with soliciting hundreds of thousands of dollars in kickbacks and illegal payments.
Federal officials also charged two prominent Chicago lawyers, Joseph Cari and Steven Loren, with assisting Mr. Levine in the alleged scheme. The three men allegedly sought to extort money from investment firms seeking to do business with the retirement fund, which represents 325,000 teachers and school employees in districts outside of Chicago. The pension system, established by the state in 1939, listed net assets of roughly $31 billion in fiscal 2004.
Mr. Cari and Mr. Loren are cooperating with federal investigators, the U.S. attorney’s office said in a statement.
Vol. 24, Issue 44, Page 24
- Multiple Vacancies
- Hazard, Young, Attea & Associates, Multiple Locations
- Superintendent, City Schools of Decatur
- City Schools of Decatur, Decatur, GA
- Scale Your Impact. Lead a Portfolio of Cleveland Schools. Apply today!
- Cleveland Metropolitan School District, Cleveland, OH
- Director of Schools (Superintendent)
- Metropolitan Nashville Public Schools, Nashville, TN
- Superintendent, South San Francisco Unified School District
- South San Francisco Unified School District, South San Francisco, CA